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Dec 8, 2012
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john blackstone, cbs news, san francisco. >> pelley: john, thank you. the court also said today it will hear a second case on same- sex marriage. that case is a challenge to the current law that denies married same-sex couples the same federal benefits as other married couples. we checked with the census bureau today and they told us there are just over 600,000 same-sex couple households in olerica today. most states-- 38-- ban same-sex marriages. nine states and the district of ges.mbia allow them. s a cbs news poll last month, just over half of americans, 51%, told us they think same-sex marriage should be legal. it said it should not. exlot of economists were expecting a lousy jobs report today and boy were they surprised. the economy created 146,000 jobs in november. not great, but a lot better than expected. the unemployment rate dropped stlytenths of a point to 7.7%. that's not quite as good as it sounds because it was mostly people who gave up looking for work and were dropped from the count. what does all of this mean to the recovery? here's ant
john blackstone, cbs news, san francisco. >> pelley: john, thank you. the court also said today it will hear a second case on same- sex marriage. that case is a challenge to the current law that denies married same-sex couples the same federal benefits as other married couples. we checked with the census bureau today and they told us there are just over 600,000 same-sex couple households in olerica today. most states-- 38-- ban same-sex marriages. nine states and the district of ges.mbia...
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Dec 29, 2012
12/12
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john blackstone, cbs news, in the napa valley. >> glor: and that is not all. apart from the fiscal cliff febate, some other laws are due to expire january 1, and that could cost americans plenty. ar starters, the payroll tax break will end. illial security taxes will go from 4.2% back to 6.2%. if the farm bill is allowed to expire, it is feared milk prices could rise sharply. hundreds of american families famiheartbroken tonight after russian president vladimir putin banned all adoption of russian children by americans. it is believed to be retaliation for a new u.s. law that targets human rights abuses in russia. in the past two decades, more , mo 60,000 russian children have been given new homes inside the u.s. it elaine quijano met one family whose adoption is now on hold. >> look at this. look. >> reporter: two years ago kim and robert summers decided to adopt from russia. it took nearly 18 months, but last july, the couple was matched with a 15-month-old boy. enen you saw his picture for the first time, what did you think? k i knew that this was the child
john blackstone, cbs news, in the napa valley. >> glor: and that is not all. apart from the fiscal cliff febate, some other laws are due to expire january 1, and that could cost americans plenty. ar starters, the payroll tax break will end. illial security taxes will go from 4.2% back to 6.2%. if the farm bill is allowed to expire, it is feared milk prices could rise sharply. hundreds of american families famiheartbroken tonight after russian president vladimir putin banned all adoption...
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Dec 12, 2012
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one is tony james of blackstone. what do you think? >> tony would be terrific. he's a terrific guy. >> he's your partner. >> that would be terrible for us, for sure. it's the last thing i would want. >> what do you think the chances are? have you heard anything? making phone calls? he doesn't confide in you? >> i have no idea about that. i think that the probability is that it would be somebody who is dealing with these types of complex issues, because i don't think they'll all get resolved. that means whether it's an insider, like a jack lew. >> would he be good enough? >> it's not my call. guys like irskin, there are people who have dealt on a regular basis with the congress, given the complexity of these issues, that would be a more logical call. >> thank you for joining us. appreciate it. i will send it back to the studio. >> thanks, andrew. don't be a stranger, steve. would you tell him that, andrew, for me, please? >> he will come on all the time. >> hopefully i don't look too strange, joe. >> no, i don't mean you lo look -- new jersey's not that far. i do
one is tony james of blackstone. what do you think? >> tony would be terrific. he's a terrific guy. >> he's your partner. >> that would be terrible for us, for sure. it's the last thing i would want. >> what do you think the chances are? have you heard anything? making phone calls? he doesn't confide in you? >> i have no idea about that. i think that the probability is that it would be somebody who is dealing with these types of complex issues, because i don't...
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Dec 1, 2012
12/12
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here's john blackstone in l.a. >> reporter: it began with 70 workers. now all 800 members of their union are on strike. but 10,000 other dock workers are refusing to cross the picket line. that has brought the normally busy port to a new stand still. geraldine knatz directs the port of los angeles. >> there's probably about a billion dollars worth of goods that come through this port everyday and we probably got about 900,000 or so people in the southland whose jobs are tied to the activity going through this port. >> reporter: the ports are clogged with 16 ships waiting to be unloaded. another six are anchored off the coast. >> if the ships are not working, the truckers are not working, the warehouse people are not working. it will ripple through the supply chain. >> reporter: it doesn't take much of a delay to cause problems for people. >> no. a very short delay will -- can mean that stores may not get a shipment the day that they expect it for their sale. >> reporter: the striking workers handle all the paperwork that gets cargo from the port to the
here's john blackstone in l.a. >> reporter: it began with 70 workers. now all 800 members of their union are on strike. but 10,000 other dock workers are refusing to cross the picket line. that has brought the normally busy port to a new stand still. geraldine knatz directs the port of los angeles. >> there's probably about a billion dollars worth of goods that come through this port everyday and we probably got about 900,000 or so people in the southland whose jobs are tied to the...
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Dec 27, 2012
12/12
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blackstone backed sea world entertainment is filing for initial ipo that could raise 100 million dollars. the company intends to trade under the symbol of seas. ford is investing 773 million dollars in new equipment and expansion across six u.s. manufacturing plants in southeast michigan. the latest move is part of its commitment to invest 6.2 billion dollars in u.s. plants by 2015. and mexico's largest airline ordering six 787 dreamliners from boeing with confirmation rights for four additional aircraft. the order is worth more than 1.4 billion dollars. and thousands of workers at 15 east coast ports are still threatening to strike if new deal on wages and container royalties is not reached. the white house says it is monitoring the situation and urges both parties to reach a deal quickly. and that is today's speed read. shibani: that's how it's done. david: that's how it's done. shibani: we are just four days away before the fiscal cliff deadline, and as many investors scramble to adjust their portfolios, we've got a money manager who says he's got three plays that could yield you 20%
blackstone backed sea world entertainment is filing for initial ipo that could raise 100 million dollars. the company intends to trade under the symbol of seas. ford is investing 773 million dollars in new equipment and expansion across six u.s. manufacturing plants in southeast michigan. the latest move is part of its commitment to invest 6.2 billion dollars in u.s. plants by 2015. and mexico's largest airline ordering six 787 dreamliners from boeing with confirmation rights for four...
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Dec 28, 2012
12/12
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the asset management arm of blackstone has $550 million in debt. that is the latest from the fox business network. adam: president obama and congressional leaders are set to meet in 20 minutes in a last-ditch effort to work out a fiscal cliff deal but without a deal the defense department can expect $500 billion in cuts. how will this affect the nation's defense contracts? >> the pentagon will face $2 billion over nine years, that works out to $55 billion year cut starting in 2013. the army, navy, air force, marines and coast guard take equal, according to one military analyst who says the impact of the military is, quote, very serious. >> the pentagon and departments are in financial trouble because there has already been a 4 ebullient dollar cut. that is being applied, to take another cut on top of that is devastating. >> it is not just the military itself that will take a hit. defense contractors, private companies that work for the pentagon. one democratic congressman in virginia whose district may be hit hardest says it could mean layoffs. >>
the asset management arm of blackstone has $550 million in debt. that is the latest from the fox business network. adam: president obama and congressional leaders are set to meet in 20 minutes in a last-ditch effort to work out a fiscal cliff deal but without a deal the defense department can expect $500 billion in cuts. how will this affect the nation's defense contracts? >> the pentagon will face $2 billion over nine years, that works out to $55 billion year cut starting in 2013. the...
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Dec 18, 2012
12/12
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blackstone apparently talked to them early. it appears to be a two-horse race. >> well, nice job moving the stock and a good bit of insight from both of you. thanks, guys. >>> when we come back, we'll talk to a newly appointed of the house member committee, marsha blackburn. it seems that everyone has an opinion on that. we're back in a minute. ard, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. >>> the dow is slightly off of the high but not by much, bob. boehner comes and complicates the fiscal cliff. >> it doesn't matter what boehner says anymore. we're going to get a deal whether he wants it or not. that's what the stock market believes. we have a deal, we don't have a d
blackstone apparently talked to them early. it appears to be a two-horse race. >> well, nice job moving the stock and a good bit of insight from both of you. thanks, guys. >>> when we come back, we'll talk to a newly appointed of the house member committee, marsha blackburn. it seems that everyone has an opinion on that. we're back in a minute. ard, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump...
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Dec 17, 2012
12/12
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and i think they even had blackstone listed for restructuring advice. >> restructuring meaning, we had to take this thing into the distressed situation, even potentially bankruptcy. they raised $2 billion in debt over the last few years. they have limited access for new debt capital. substantial funding gap. restructuring is possible. all these things said in the conference call, because they are going to have a shareholder vote down the road. that's 90, 120 days away. we have a proxy yet to come. they want to set the stage and say, come on. they hired an investment bank to inspect an option in 2010. by the way, we got incredible proposal the last few weeks to potentially sell spectrum, but we concluded that was not any better. in fact, a bit worse. squishy is the term some were using with me to the sprint deal as well. so all those things cited as reasons why this special committee agreed to $2.97 a share. that, by the way, the ceiling on what soft bank, which does have the right here to say yes or no to sprint, willing to go to the same price that was paid to eagle river. mccall star
and i think they even had blackstone listed for restructuring advice. >> restructuring meaning, we had to take this thing into the distressed situation, even potentially bankruptcy. they raised $2 billion in debt over the last few years. they have limited access for new debt capital. substantial funding gap. restructuring is possible. all these things said in the conference call, because they are going to have a shareholder vote down the road. that's 90, 120 days away. we have a proxy yet...
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Dec 18, 2012
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and i should say colt defense, which i had mentioned earlier, blackstone has a piece of that. there are a number of pieces that fit into that. that is a military grade company. they do that for law enforcement. that's not for the public. however, people worry that some of those firearms ultimately -- >> and calcet as a result had a 6% stakes in this country. >> unfortunately the criminals don't read the laws that closely a lot of times. and if you're manufacturing them for people that are bona fide defenders or military or whatever, then -- >> well, it's certainly not the only thing that needs to be done as the question about spending on mental health has been a huge one, too. >> yes. dan, he was the first person to identify the investor. his phone call initially made earlier to them inspired some of this, as well. >> but that was a very quick turn of events. >> very quick. >> there's the guys who got aide from the nra, and others are talking about this changed my mind. >> we have senator bob corker on a little later this morning, too. and we can talk to him about that. he's a
and i should say colt defense, which i had mentioned earlier, blackstone has a piece of that. there are a number of pieces that fit into that. that is a military grade company. they do that for law enforcement. that's not for the public. however, people worry that some of those firearms ultimately -- >> and calcet as a result had a 6% stakes in this country. >> unfortunately the criminals don't read the laws that closely a lot of times. and if you're manufacturing them for people...
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Dec 27, 2012
12/12
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not surprising that blackstone would want to hop on that. >> cedar fair done well. >> fun. >> ticker would be scas, by the way. >> for seaworld? >> yes. yes. yes. check with mary thompson in for bob pisani this morning. hey, mary. >> we note mixed market the dow up 7 1/2 points, continued weakness in the s & p as well as the nasdaq today, lower by semiconductors, strength in the energy sector around drug stocks in early trade. that is helping to support the dow. a number of traders say the market continues to hold up pretty well, given that there are, of course, fewer expectation wers going to reach, a grand bargain on avoiding the fiscal cliff. look at the s & p, we did have melissa mentioning this earlier, down three days in a role one strategist pointing out technically looks vulnerable, the 15-day moving average above the 200 day. if it breaks below that, we could see selling pressure heading to the end of the year. the vix which popped up earlier, this is a measure of fear on wall street. i bring this up, while we are at the highest levels in six months on the vix, well below ha
not surprising that blackstone would want to hop on that. >> cedar fair done well. >> fun. >> ticker would be scas, by the way. >> for seaworld? >> yes. yes. yes. check with mary thompson in for bob pisani this morning. hey, mary. >> we note mixed market the dow up 7 1/2 points, continued weakness in the s & p as well as the nasdaq today, lower by semiconductors, strength in the energy sector around drug stocks in early trade. that is helping to support...
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Dec 27, 2012
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it's current owner blackstone group bought it from anheuser-busch back in 2009. coming up we've got more lionel richie music. plus breaking economic data. just a few minutes away from weekly jobless claims, as we head to a break take a look at u.s. equity futures. announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now
it's current owner blackstone group bought it from anheuser-busch back in 2009. coming up we've got more lionel richie music. plus breaking economic data. just a few minutes away from weekly jobless claims, as we head to a break take a look at u.s. equity futures. announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the...